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Google has purchased DeepMind and confirmed the business transaction to technology website ReCode, though declined to reveal the amount of money paid. According to the website, though, an initial amount of $400 million was offered for the London-based company.
DeepMind was founded in 2011 by computer game designer and neuroscientist Demis Hassabis along with Shane Legg and Mustafa Suleyman. The purpose of this compay is to combine "the best techniques from machine learning and systems neuroscience to build powerful general-purpose learning algorithms.”
Unfortunately, information about DeepMind and its projects are shrouded in secrecy and Google has refused to offer up any information as to its plans for the company’s projects that include applications for simulations, e-commerce, and games.
The purchase of DeepMind follows a couple weeks after Google obtained Nest Labs, a company that develops thermostats and smoke alarms connected to the internet, for $3.2 billion. Then there was the acquisition of companies involved with robotics such as Boston Dynamics.
Could it be that Google is developing an army of robots? Let us know what you think of these acquisitions in the comments below.